The Capital Gains tool can be found within the client profile and accessed by clicking on the 'Capital gains' tab. 

Capital Gains - overview of key features

Reporting period

Users can select a reporting period using the date range filter. If a range is not selected, the report will default to the current tax year.

Realised and unrealised gains

The CGT module calculates both realised and unrealised gains that apply to a given date range for all GIA accounts held by a client.

Realised gains shows the sum of the difference between the value of assets at the time of disposal and their book cost for all disposals in the date range selected. Unrealised gains shows the difference between the value of assets that are still held in a portfolio as of the end date of the date range and their book costs.

Matching rules

We apply matching using the HMRC rules outlined here. At present, we support matching at an account-ISIN level, this means we do not support matching across accounts for the same asset (e.g. if you hold Apple stock in two different GIAs, we will not match across these GIAs), we also do not support matching across ISINs (e.g. when a new ISIN is created as part of a corporate action).

You can view which transactions have been matched via the 'Matched' column in the platform.

We do not apply matching across off-platform accounts. 

Reporting at transaction level

The tool sub-divides into sections separated by account. Under each account section you’ll see further sub-divisions by investment option and then by transaction.

You can drill-down into each transaction

This way, you can see a comprehensive overview of each transaction including the book costs, the current price and value and any realised and unrealised gains.

Downloading the report

You can download all of the information provided by the CGT tool as an Excel file.

 The report is split up into a number of tabs:

1. ‘Transactions – All GIAs’

This shows a list of all transactions across the client’s GIA accounts for the period that has been selected:

2. ‘CGT Report – All GIAs’

This tab will display the client’s realised and unrealised gains across all of their GIAs along with any warnings, (if applicable). There is a separate article for warnings on a CGT report, see here.

3. ‘Portfolio breakdown’

This tab shows an itemised breakdown by account and then by investment displaying the corresponding realised and unrealised gains along with any associated warnings.

4. Individual account specific tabs

There will be one additional tab for each GIA account that the client has labelled with the client’s corresponding GIA account ID. These tabs will show a breakdown per account reporting a section to display total realised and unrealised gains as well as a breakdown by investment and transaction.

What is still to come and unsupported features

Managing 'from' and 'to' dates for the offshore reporting flag

We support all offshore reporting funds that have maintained this status since 06/04/2023. In subsequent releases, we will include historical management of this flag and its use for CGT calculations.

Offshore non-reporting funds

At the moment, we do not support CGT calculations for positions maintained in offshore non-reporting funds. However, this will be made available in subsequent releases.

Excess reporting income (ERI) and adjustments to book costs

UK investors are taxed on their full share of reportable income, even if it hasn't been distributed. The difference per unit between your reportable income and the income  distributed to you is known as ‘excess reported income’ (ERI).

Our tool currently supports offshore reporting funds, but we don’t provide the ERI data to allow customers to report the appropriate income amount to HMRC, nor do we adjust bookcosts to account for this income.

Supporting matching across ISINs and across accounts

We do not currently support matching across accounts for the same asset or across ISINs.

Further information, disclaimer and alert details can be found within the below link:

Capital Gains Tax - Important notes, Disclaimer and alerts – Söderberg & Partners Wealth Management